Corporate Finance Deal Announcement: Giles & Posner
We are very pleased to announce the sale of the stock and trademarks of international kitchenware group Giles & Posner to Ultimate Products, the leading international retail supply group.
Fred Satow and Paul Davis of MHA MacIntyre Hudson were appointed administrators on 16 December 2011. Following an extensive marketing campaign organised by MHA MacIntyre Hudson Corporate Finance’s Peter Petyt and independent agents Edward Symmons, a number of offers were received and a sale of the stock and IPR assets to Ultimate Products was achieved in February.
As part of the deal, Ultimate Products has also acquired a collection of brands from the company, which include the Art in the Party, Commercial, EAT and Retro.
About Giles & Posner
Before ceasing to trade in December 2011, Giles & Posner supplied professional catering products and small domestic appliances to the retail market and is best-known as the company behind the UK's first commercial chocolate fountain machine. It also produced candy floss makers, cupcake makers, pie makers and popcorn machines.
About Ultimate Products
Ultimate Products is a leading independent Far East sourcing and design business, with an excellent reputation for bringing good, better and best, branded and private label products to global markets since 1997. Their brands include American Originals, Prolectrix, Dreamtime and Canadian Bear among others.
If you would like to know more about this deal or how we can assist you, your clients or your contacts, send us an enquiry.